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STI to cross 3000 boosted by long-term investors
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AK_Francis
Supreme |
01-Sep-2009 10:01
Yells: "Happy go lucky, cheers." |
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x 0 Alert Admin |
Yes, brother, since 83.
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jackjames
Elite |
01-Sep-2009 09:14
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my advise is ... put Cosco and NOL into your portfolio ... :) cheers... Nobody knows the timing, but not necessary must buy at the rock bottom .... there are still money to earn.... my thinking.
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ticklish8
Senior |
01-Sep-2009 09:02
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If hearing these words and phrases from somewhere outside of your own inner monologue was at all cathartic or helpful, then you’re welcome. I don’t care how smart you think you are, at some point this spring/ summer, we’ve all had to chase something. To panic buy is to be human, just make sure you weren’t the last one in and keep your eyes on the exit http://thereformedbroker.com/2009/08/27/the-five-stages-of-panic-buying/ |
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ticklish8
Senior |
01-Sep-2009 08:59
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The Five Stages of Panic Buying!
1. Denial (Late March/ Early April) “Ha, another Bear Market rally…wait til the foreclosure/ new home sales/ confidence data comes in! Right back to 6500, maybe lower…bagholders” “Dude, the stress tests are coming out next month. B of A may be done-ski. Sell the May 10 calls, you’ll never have to cover.” 2. Anger (Mid-April) “What the f@&% do you mean the goddamn banks are cheap based on normalized earnings? They will never ever earn anything again, ever! Idiot!” “You gotta be kidding me with these retailers running now. RETAILERS? Are you nuts? They’re FINISHED!” “If
one more consumer discretionary name rallies on a less-than-expected
loss, I’m gonna kick this Bloomberg down a flight of stairs.” 3. Bargaining (May-June) “Okay, I can stomach picking up some large cap tech and I’ll nibble – NIBBLE! – at discount retailers, but I will absolutely NOT buy Goldman Sachs at 130.” If China would just pull back 5 to 7% I’d get in, but I can’t chase it here…except Sohu, and I guess a little Baidu and I’ll just take a quarter position in China Mobile just in case. But I’m not chasing here.” “(whispered)
Dear market god, please stop the tape. Just give me one crack at the
Nazz and some banks and I will never doubt the solvency of the US
balance sheet or the wisdom of the Troubled Asset Relief Program ever
again.” 4. Depression (July) “I can’t believe I missed it. Those D-bags next to me are high-fiving after every earnings report. Hate those f@&%ing guys.” “How could Las Vegas Sands do this to me? I’ve been watching this stock go up for 900% now. Couldn’t just give me one chance to get in. I suck.” 5. Acceptance (Early August) “That’s it! I don’t give a damn anymore, GET ME IN NOW! Forget the big ones, they’re already up too much, are there any $5 stocks left that haven’t done anything yet? “I gotta blow out this stupid GLD, it does nothing, sick of it and sick of hearing about inflation. Even Paulson blew it out. Get me some $2 biotechs and some midwest regional bank stocks, I gotta get poppin’ over here! We’re going to 10,000 baby!” |
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cheongwee
Elite |
01-Sep-2009 00:17
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wow!!!....i thought i was greedy, but you are worse, but i like it...2952 to 3100...end september , but overshoot to early october maybe...hope you are right on...
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boyikao3
Master |
01-Sep-2009 00:06
Yells: "Money or reputation ?" |
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The 3rd scenario would be what I have already posted the last time on prabability that we are already in the midst of an intermediate wave b of primary wave B correction. This can only be confirmed if wave b touches at least 2380-2395 to qualify as a intermediate wave b. If that is the case, then the next wave c of primary B may take us also to 2952 to 3100 level, which will take us there nicely by end of september to celebrate grandfather birthday! Get ready your firecrackers, but dun get burn! 
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cheongwee
Elite |
01-Sep-2009 00:02
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AK_Francis...i remember u memtion Teck Whye right? u stay there?
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richtan
Supreme |
01-Sep-2009 00:01
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The short-term (15ema), mid-term (25-30ema) n long-term (65-95ema) still trending up, STI today's closing at 2592 is exactly resting at 15ema. The above ema is my personal ema tat works for me, so dyodd n BOSAYOR |
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cheongwee
Elite |
01-Sep-2009 00:00
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i like your sti 2800 to 2952...that is my number...hehehehe..sure come..EW is quite accurate at time.. | ||||
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AK_Francis
Supreme |
31-Aug-2009 23:59
Yells: "Happy go lucky, cheers." |
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Previously, all markets were looking at DJ. Ha ha, now DJ feels knee jerking effect when SSE sunk badly today loh. Hope DJ will pull itself up later of the day, if not, AK needs to relook d existing trading stretegy liao. Above r AK view only, just for sharing, no calling or cause of alarm. Cheers. |
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boyikao3
Master |
31-Aug-2009 23:55
Yells: "Money or reputation ?" |
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Explanation: 1. Grandfather birthday on 1st october. SSE currently on only 3rd wave. Today's correction may confirm that 3rd wave has ended and now tracing out 4th wave. The last wave up may start as early 2morrow depending whether it is a straightforward one or a 4th wave diagonal, which may take the rest of this week to form. After that, 5th wave should take us forward to a nice but last rally for the next few months. STI (and HSI) are forming an extended wave 5 of intermediate wave A of primary wave B. Some EW analyst counted as intermediate wave 2 of C of primary wave B, which I think is wrong - so we shall see...This last wave should end nicely around 2800 - 2952 (@61.8%). 2. Those analyst who counted as wave 2 of C of primary wave B will be right ONLY IF price breaks out of the upper resistance of bearish ascending wedge that started in March lows. If not, price movement for the next few weeks should bounce within this wedge untill it completes scenario 1 and then breaks decisively down and starts its intermediate wave B of primary wave B. Wave B of B shouldn't be a steep correction. If the current last extended wave ends at 2800, wave B of primary B should at least correct to 2511 to qualify. At this stage, no one knows yet.
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iPunter
Supreme |
31-Aug-2009 23:48
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There are signs of a sickly market again... Cats and dogs are cheonging at this time... 
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maxcty
Master |
31-Aug-2009 23:45
Yells: "always a learning day for me in trading" |
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cheongwee, what you think about STI tmr and the rest of the week? down more due to SSE?
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cheongwee
Elite |
31-Aug-2009 23:35
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i read thro many post, and my opinion, it that almost all are still bullish....so be it....gd luck all. | ||||
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cheongwee
Elite |
31-Aug-2009 22:57
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you are observance...thanks for the info..
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ozone2002
Supreme |
31-Aug-2009 22:19
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been analysing some STI component stocks chart.. seems like majority of them have a similar trend.. BIG down bar.. pretty high vol seems like dumping gg on..smart money is exiting.. EXCEPT for WILMAR..big vol with a close on the higher part of the bar.. looks like the smart $$ is in wilmar and commodity plays.. just my thoughts.. DYODD |
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freeme
Elite |
31-Aug-2009 18:04
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x 0
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SSE basically corrected to a nice level now. more than 20% which also meant, this might nt be just a usual correction. But thats good, they over cheong too fast liao. When news like 1.5 mill ppl opening new trading account always give a early signal to the end of rally for SSE at this moment. Other places like HSi n STi still holding quite well bec didnt overshoot. Now needs to wait for SSE to stable 1st b4 advance higher |
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erictkw
Veteran |
31-Aug-2009 18:01
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SINGAPORE MARKET - by AmFraser 31 Aug 09 Unbroken trendline from March low suggests STI support around 2580 Last week’s 2574 low has managed to lift the STI to safely above its rising trendline drawn from the March low which gives confidence that a higher low could be in store this week. Drawing the line from 1455 skipped several key lows such as June low of 2212 (above the line) but met July lows of 2235 and 2259 as well as most recent 2521 and 2533 lows. Last week’s daily lows were all well above this line raising hopes that at worst despite investor trepidation over the Sept-Oct period, the STI’s downside appears limited to around 2580. But what happens if the trendline is broken and more importantly decisively ie down 50-points or so to the 2520-30 historic support area or break 2500? Hopefully there will not be a kind of self-fulfilling prophecy accompanying traders’ jitters but in the event it comes true chances of the index recovering after a 10% correction from 2700 to the previous June high of 2425 remains high. Despite our sensitivity to gyrations in the Chinese and HK markets, Singapore seems to behave quite independently and take plunges there in its stride. Thus 3-5% intra-day plunges in the 2 markets would bring down the STI down 1-2% and especially with HK famous for making strong intra-day rebounds, local players tried to be ahead of the game by quickly grabbing local blue chip financials, property and other heavyweights which incur 2-4% intra-day falls. The key to local market fortunes remains Wall Street which if it could confine its fall to around 5% should enable Singapore to hold up even better. After all the Dow is only up 8.8% year to date and a 5% pullback from recent 9630 high means back to around 9150. A 10% correction taking it down nearly 1000 points to around 8600-8700 is unlikely in the near term. Traders should remain committed to targeting buying index heavyweights on falls towards their recent lows without worrying too much about the market’s fate in a month or 2 as evidence shows that rebounds always followed falls since March. With STI’s trading ranges without fail moving up from 2000 to 2200, 2200 to 2400, 2500 to 2700 and now still at 2600 area, trading chances should soon appear. It is apparently finding ballpark trading area around the old 2000 peak of 2608 and the half way mark (at 2643) between record 3831 and March 1455 low. SGX ($8.36) should find support at this month’s $8.22 low and rebound back to $8.70. Resilient OCBC ($7.80) which went ex-14c dividend today should continue to hold well above $7.50-60 support and trade around $7.70 to $8.10 while UOB ($16.74) is attractive around $16.50-60 for a trade to $17-$17.10. DBS ($12.66) should move around $12.50-$13. Capitaland ($3.66) may have a tighter range around $3.60-80 while Keppeland ($2.56) is approaching good support at $2.48-50 with upside so far capped at below $2.70. Wilmar ($6.43) remains an attractive trade around $6.30-$6.60. Noble ($2.11) moves around $2.03-24 recently. KepCorp ($7.61) is likely to move between $7.45-95 while SembMar ($3.08) is confined within 20-cent band between $3 and $3.20. |
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cheongwee
Elite |
31-Aug-2009 17:50
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I thk tomolo most likely up...why? simple, GDP already tell us so...and the weak US$ means America can sell more... so factory order shd be doing fine.....Chicago PMI shd be no problem.. Dow can never follow SSE...now way, they are too small...we see... another point,,,,got a guy here told me he make profit,,, in his pocket belong to him, so when he lose..a little..he is losing, ..this loses is actually part of the profit...so how can he count this a lose... Sometimes we have forgotten when we come into this world, everything was here in the first place,,,so how can thing belong to us....,it really does not belong to us... Likewise also, someday we leave it does not follow us.... i believe , most of us here have bought fr Apr..and stay till now shd be in the profit...so we are actually loaing part of the profit.....it is not ours..it is ours ..so long we are still in this world.. once we are gone, so is the profit,,,whether dow 30000 or sti 5000... if you have taken profit along the way and enjoy it,,,good for you.. |
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dc16888
Senior |
31-Aug-2009 17:43
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hi care to share what is 'The last leg up is in place for Shanghai, HSI and STI - The makig of the last wave up in almost perfect syncronisation!'.
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